Silver Lake Council approves 4.29 percent tax levy increase

Submitted by admin on Wed, 12/20/2017 - 9:01am

By

Karin Ramige

The Silver Lake City held its annual truth-in-taxation hearing Monday night.
City Clerk Jon Jerabek presented the proposed 2018 city budget and levy to the council and members of the public in attendance.
The city’s total 2018 budget of $838,932 is a 9.56 percent increase over the 2017 budget of $765,728.
The levy was certified at $500,726, a 4.29 percent increase or $20,599, from 2017.
The increased budget includes a 2 percent cost-of-living increase for employees and 3.98 percent health insurance premium increase, as well provisions for the 2018 elections.
Jerabek informed the group that 58 percent of the city’s revenues come from property taxes, while another 29 percent are received from Local Government Aid (LGA).
For more from the tax hearing and the rest of the City Council meeting, see the Dec. 20 print edition of The Chronicle.